DEBATE DATA
07/03/2024 |
On Thursday, hours before the start of the presidential debate, the 10-year Treasury closed at 4.29%. Friday, the same 10-year Treasury bond closed at 4.3% and on Monday it closed at 4.48%. A two day rise of 19bps is a large move. Absent much other market-moving data, the rise was probably the market’s first estimate of the inflationary impacts of a potential Republican November sweep.